Tuesday, 8 February 2011

Nifty Outlook for the day

Nifty is caught up right in between the area of congestion for the sixth consecutive day. Few days more within this range and Nifty will break out of the range for more directional move. For the time being the range bound movement between 5350~5550 should hold. Positional traders can hold short which we have build @ 5900 with SL @ 5550 and Intraday traders can follow our daily sms for jobbing.

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